George’s T-Shirt Shop produces 5,000 custom printed T-shirts per month. George’s fixed costs are $15,000 per month. The marginal cost per T-shirt is a constant $4. What is his break-even price? What would be George’s break-even price if he were to sell 50% more shirts?
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Expert's answer
2019-11-08T06:16:01-0500
FC + VC - PQ = 0, where FC - fixed costs, VC - variable costs, PQ - Volume of sales
15000 + 5000*4 - 5000*x = 0, x is break-even price
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